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    208 Shiawassee St Owosso, MI 48867

    Sponsored
    For Lease
    $18 SF/Yr ($9,000 /Mo)

    Prime Medical Office Space - Owosso

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story medical office building, totaling 6,000 square feet, presents a unique investment opportunity in the heart of Downtown Owosso. Built in 1993 and renovated in 1998, the property boasts a desirable location surrounded by residential areas, Owosso public schools, and Memorial Hospital, ensuring high visibility and convenient access. The building features two suites, currently with 3,000 square feet of vacant space, ideal for expansion or new tenants. The existing layout includes a spacious lobby with a large reception area, approximately ten patient rooms, a private office, and a dedicated restroom. Ample private parking is available for staff and patients. The second floor offers additional office or storage space, providing flexibility for various medical practices. The property's attractive brick exterior and convenient location make it an excellent choice for medical professionals seeking a well-established presence in a thriving community. The property's Assessed Parcel Numbers (APN) are 050-120-005-005-00 and 050-120-005-004-00, located in Shiawassee County. This turn-key opportunity is ready for immediate occupancy. The building's strategic location within the Downtown Owosso business district offers significant advantages for attracting patients and establishing a strong professional presence.

    Property Features for 208 Shiawassee St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF
    Total Rate
    9000

    Building Details

    Year Built/Renovated
    1993/1998
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 100
    Size
    3,000 SF
    Rate per SF
    $18

    HighLights

    • 6,000 SF medical office building in Owosso, MI.
    • Two suites totaling 6,000 square feet, with 3,000 square feet currently vacant.
    • Building features a lobby, reception area, approximately 10 patient rooms, and private offices.
    • Built in 1993, renovated in 1998.
    • Located in Downtown Owosso near Memorial Hospital and schools, offering high visibility and accessibility.
    • Includes private entrance, employee parking, and private restroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nephrology & Internal Medicine: ... Nephrologist Jennifer Lawson Physician Assistant Greater Michigan Oral ... Oral Surgeon Dr. Michael Higginbotham Dentist Nephrology & Hypertension PC Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.176610972018
    Latitude
    42.9994304715

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space - Owosso
    Where is this medical office located?
    The property is located at 208 Shiawassee St Owosso, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 6,000 SF medical office building in Owosso, MI.; Two suites totaling 6,000 square feet, with 3,000 square feet currently vacant.; Building features a lobby, reception area, approximately 10 patient rooms, and private offices.
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    208 Shiawassee St Owosso, MI 48867
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    208 Shiawassee St Owosso, MI 48867
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